The Monitoring Component of Internal Control Excludes

question 44

Multiple Choice

The monitoring component of internal control excludes:

• A) Assessing information derived from external parties.
• B) Assessing the quality of internal control performance over time.
• C) Improving controls that are not operating effectively.
• D) Eliminating controls that are not operating effectively.

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Definitions:

Corporate Debt Securities

Financial instruments issued by corporations to borrow money from investors.

Security Sold Privately

A financial instrument, such as a stock or bond, that is sold directly to investors rather than through a public market.

Directly

Pertains to having an immediate connection or interaction without any intermediaries.

Indirectly

In a manner that is not directly done or expressed; involving an intermediary or being achieved through a secondary effect or means.